FIVA
Fidelity International Value Factor ETF
The Fidelity International Value Factor ETF tracks a multi-factor index of large- and midcap value stocks from developed markets, ex-US.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
169.5 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 16, 2018 |
| Assets (mns) | $170 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 2.2 % |
| ROCHE HOLDING AG-BR | 1.8 % |
| NESTLE SA-REG | 1.8 % |
| ASTRAZENECA PLC | 1.7 % |
| BOC HONG KONG HOLDINGS LTD | 1.6 % |
| SHELL PLC | 1.6 % |
| NOVARTIS AG | 1.6 % |
| BRITISH AMERICAN TOBACCO PLC | 1.4 % |
| JAPAN TOBACCO INC | 1.4 % |
| SIEMENS AG-REG | 1.4 % |
Constituent Breakdown
| Number of holdings | 125 |
| Herfindahl-Hirschman Index | 108 |
| Wgt avg mkt cap (mns) | $68,590 |
| Large cap (>$10bn) | 91.3% |
| Mid cap ($2-10bn) | 7.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 22.8 % |
 |
BRITAIN | 14.1 % |
 |
GERMANY | 10.2 % |
 |
CANADA | 9.9 % |
 |
FRANCE | 9.4 % |
 |
SWITZERLAND | 8.8 % |
 |
NETHERLANDS | 5.9 % |
 |
AUSTRALIA | 5.0 % |
 |
SWEDEN | 3.1 % |
 |
ITALY | 2.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.1% | 10.9% | 12.7% | 6.9% | 6.2% | -- | 4.7% | Volatility | 13.1% | 13.0% | 14.0% | 16.5% | 19.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 62% |
| MSCI EAFE | 0.97 | 91% |
| MSCI Emg Mkts | 0.79 | 60% |
Liquidity Measures
| Avg. volume (000) | 90 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $11,327 |
Technical Indicators
| Recent close | $24.22 |
| 30d moving avg. | $25.12 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 1.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FIVA |
Expenses vs. FIVA |
ALTAR Score™ vs. FIVA |
|---|---|---|---|---|
| IVLU | iShares MSCI Intl Value Factor ETF | 40.1% | +12 bp | +1.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 34.5% | +30 bp | -2.5% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 32.7% | -9 bp | -2.3% |
| STXI | Strive International Developed Markets ETF | 31.8% | +11 bp | -3.5% |
| IQIN | IQ 500 International ETF | 31.7% | +7 bp | -1.3% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 31.3% | +6 bp | -3.3% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 31.2% | -9 bp | -3.4% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 30.9% | +28 bp | -4.0% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 30.6% | +7 bp | -3.3% |
| EFV | iShares MSCI EAFE Value ETF | 30.5% | +16 bp | -0.7% |
Risk and Returns: FIVA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/23/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FIVA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FIVA
10.5%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. FIVA's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places FIVA in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FIVASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FIVA (18 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FIVA | 18.0 | 18.3 | 36.3 |
| Peer Avg. | 42.6 | 27.0 | 69.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .